China Eastern Airlines reports record net profit for 2010

China Eastern Airlines reported a record net profit of nearly CNY5 billion ($761 million) in 2010, based on international accounting standards, a massive increase over CNY168.8 million earned in 2009.

China Eastern Airlines A330-300. Photo: By Rob Finlayson.
China Eastern Airlines reported a record net profit of nearly CNY5 billion ($761 million) in 2010, based on international accounting standards, a massive increase over CNY168.8 million earned in 2009. The increase can be credited to strong traffic demand, synergies gained through its merger with Shanghai Airlines and traffic stimulated by the Shanghai World Expo, the airline said.
Operating revenue lifted 89.3% to CNY74 ...